FilingReader Intelligence

Wanxiang Qianchao advances major asset restructuring with US acquisition

August 5, 2025 at 05:21 PM UTCBy FilingReader AI

Wanxiang Qianchao is advancing its material asset restructuring, including due diligence and valuation work for acquiring 100% equity of Wanxiang America Corp.

The company plans to use share issuance and cash payment for the acquisition, while raising supporting funds from up to 35 specific investors.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:000559Shenzhen Stock Exchange

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